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. Last Updated: 07/27/2016

Turkey to Ship Iraqi Gas

ANKARA, Turkey — Turkey and Iraq have discussed signing a memorandum of understanding to ship Iraqi gas to Europe via Turkey through the planned Nabucco pipeline, Turkish Energy Minister Taner Yildiz said Saturday.

Turkey and four European Union countries signed a transit deal in July for the $7.9 billion euro EU-backed pipeline to carry Caspian and Middle Eastern gas to central Europe, aiming to cut dependency on Russia.

(Reuters)